New York Mercantile Exchange To Introduce Twelve New Electricity Contracts

The New York Mercantile Exchange, Inc. today announced that will introduce 12 new electricity futures contracts on NYMEX ClearPort® on July 23 for trade date July 24.

The new contracts and their commodity codes are: ERCOT Houston peak swap (Platts Megawatt Daily) (HT); ERCOT Houston calendar day peak swap (Platts Megawatt Daily) (HE); ERCOT North peak swap (Platts Megawatt Daily) (MT); ERCOT North calendar day peak swap (Platts Megawatt Daily) (MC); ERCOT seller's choice peak swap (Platts Megawatt Daily) (VT); ERCOT seller's choice peak swap (Platts Megawatt Daily) (VC), ERCOT Houston MCPE trading hub peak swap (HN); ERCOT Houston MCPE trading hub calendar day peak swap (HY); ERCOT North MCPE trading hub peak swap (MN); ERCOT North MCPE trading hub calendar day peak swap (MY); ERCOT hub average MCPE trading hub peak swap (VN); and ERCOT hub average MCPE trading hub calendar day peak swap (VY) futures contracts.

The contract days listed will be the peak days remaining in the current month plus the following month. The first listed month for all monthly contracts will be September 2006. The contract units for the monthly contracts will be 40 megawatt hours per day multiplied by the number of peak days and 40 megawatt hours for of the all daily contracts. The minimum price fluctuation will be $0.05 per megawatt hour. The fees and cash settlement fees will each be $4.00 for monthly contracts and $0.20 per daily contracts.

The position accountability levels will be 5,000 contracts for any single month or all months. Expiration position limits will be 500 contracts, and a 25-contract reporting level will be in place for all of the above contracts.